6th February 2023, Skopje – European Union will grant EUR 10 million to the Republic of North Macedonia, geared towards managing the consequences of the energy crisis. Today, the European Commission made a proposal for providing these funds for the country through the macro-financial assistance package established during the COVID-19 crisis.
Suggested assistance will provide for covering the financing needs of the Republic of North Macedonia during this and the next year, thus underpinning the fiscal sustainability and the structural reforms in the field of fiscal management, tax policy, public investment management, public-private partnerships, business environment, transparency as regards the state aid, energy, efficiency, judiciary reforms, as well as the fight against corruption.
“This implies an assistance the EU provides to the country on its way to EU membership, thus sporting its reforms, and most importantly the policies pursued in times of crisis. This support speaks in favor of the actions we take, being previously affirmed by the international financial institutions as well”, Minister of Finance, Fatmir Besimi pointed out.
Assistance will be paid in two tranches, in addition to the previously approved IMF Precautionary and Liquidity Line. Funds will be made available once the proposal is adopted by the European Parliament and the EU Council.
It is a matter of funds under the EC package, being established in times of COVID-19 crisis. In 2020 and 2021, the EU macro-financial assistance provided to the Republic of North Macedonia, amounted to EUR 160 million, being aimed at coping with the consequences of COVID-19 crisis.
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